2 bed flat for sale

Alexandra House, Rutland Street, Leicester City Centre LE1

Description

Property Description:
Perfect for investors with a potential yield of 16%, this spacious apartment sits on the sixth floor, accessed via multiple lifts and stairs. Recently refurbished the property is ready to go, making it an ideal purchase for a first-time buyer or investment property to any landlord portfolio. In brief, the property comprises two double bedrooms, with built-in wardrobes to the master, three-piece bathroom suite, spacious lounge kitchen diner and balcony, accessed from both lounge and bedroom. With the kitchen being fitted with integrated fridge/freezer, washing machine and dishwasher.

Sitting within the heart of Leicester's Cultural quarter stands Alexandra House, originally constructed to store bootlaces in 1897 and described by Architectural historian Nikolaus Pevsner as "the finest warehouse in Leicester and one of the finest in the country" was designed by Leicester architect Edward Burgess for Faire Bros. Ltd.

Now used as residential premises, Alexandra House is complete with its own underground secure parking space and valet service accessed through an external communal square.

Rooms & Dimensions: (Max)

Kitchen Lounge Diner: 4.79m x 5.02m
Bedroom One: 4.75m x 2.68m
Bedroom Two: 2.32m x 2.97m
Bathroom: 2.32m x 2.74m

This property is available via online auction. Cash buyers & mortgage buyers welcome.

Why buy at auction?

Under 1% fallthrough
5 x quicker
Below market pricing

The lot is to be sold by Conditional online auction with an end date and time of 18th November 2026 at 1:30pm.

An auction buyer's fee of 4.2% (inc of VAT) subject to a minimum fee of £7,200 (inc of VAT) is payable in addition to the purchase price.

The auction will be exclusively available online via the Rocket Auctions website including the legal pack information.

The registration process is extremely simple and free. Please visit the Rocket Auctions website, and click on the 'register' button (or login - if you have already registered).

Stage 1) Register your email address, create a password and confirm your account.

Stage 2) View the legal pack and arrange any viewings

Stage 3) If you would like to bid, use the 'dashboard' button and complete your id check and enter your payment and solicitors details

Stage 4) You are ready to bid - Good Luck!

No deposit monies are required before you bid.

Guide price(s) are an indication of the seller's expectation. Reserve price(s) are a figure below which the auctioneer cannot sell the lot at auction.

The reserve price is not disclosed and remains confidential between the seller and the auctioneer and is set within 10% of the guide range.

A legal pack and special conditions are available to download to anyone who has registered. It is the purchaser's responsibility to make all necessary legal and financial enquiries prior to placing any bids.

The complete legal pack would need to be inspected before an offer would be considered.

Please get in touch if you have any questions regarding Online auctions or would like to arrange a viewing.

Council Tax Band: B
Tenure: Leasehold (103 years)
Ground Rent: £312.5 per year
Service Charge: £3,780 per year